H&S on Nedbank

A slightly ascended head and shoulders has formed on NED. If this pattern plays out, we could see a move downwards to the target at around 13000 support area. This coincides with a breakout of the ascending channel that happened on the 9th of November.
ALSIChart PatternsHead and ShouldersjsenedbanksouthafricaTrend AnalysisZAR

Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView

For more info about our training and mentorship visit suretrading.co.za
Also on:

Disclaimer